About your Search

20131028
20131105
Search Results 0 to 2 of about 3
's certainly more educated. and none of their more intelligent. >> we had the fed in the 70's, 13 percent inflation. and -- is not necessarily caused by the fed, but it is true that until paul volcker comes in and says to let the mayor were going to squeeze inflation out of the system no matter how bad it hurts, we definitely had our rising inflation environment. that was pretty -- is a dark spot on the history of the fed. i am not mean to say in any way that central bankers are commissioned or the only view what is right. i'm just saying it is important to have the fed there. there is there really an alternative. if he say, well, if the fed were not there would we not have had an inflation in the 1970's? i don't know. john: what about alternative currencies, it can print the bill. the stossel bank in print, and people would choose. >> between. we went through a time like that in the united states. that is the way that it used to be. there was no fed. every bank printed its own money. as you might imagine, if you don't have an oversight authority and as a legal commitment to china focus o
? they are smarter now? >> i think they have learned. they are certainly more educated. i don't know if they are more intelligent. >> we had 13 percent inflation with the fed in the 70s. >> true the inflation of the 70s is not necessarily caused by the fed. it is true that until paul volcker comes in and says look we are going to squeeze this into the place mow matter how much it hurt. we have a rising inflation expectation environment. that was tough and dark history. the dark spot on the history of the fed. i am not meaning isat tha to is anyway that they always do what is right. i am just saying it is important to have the fed there it is not really an alternative. if the fed weren't there would we not have had inflation in the 1970s? i don't know. >> as an alternative why don't we start with free currency. the stossel bill can print and the people who choose. >> we went through a period like that in the united states. there was no fed. every bank would print its own money. as you might image if you can print your own money a lot of people go out and print money. if you don't have an over site aut
? they're smarter now? >> i think they have learned. they are certainly more educated. i don't know if they are more intelligent. we had the fed in the '770s. we had 13% inflation. >> yeah, true. the inflation of the '70s is not necessarily caused by the fed. but it is true that until paul volcker comes in and says, look, we will skis in inflation out of the system no matter how bad it hurts, we definitely had a rising inflation expectations environment. that was pretty tough and dark history, dark spot on the history of the fed. so i'm not meaning to say, in any way, that central bankers are only doing what is right. i'm just saying, it is important to have the fed there and there's not really an alternative. you know. if you say, well, if the fed weren't there, would we have not had inflation in the 1970s? i don't know. >> what about the free banking. the stossel bank can print a bill and let's choose. >> that's the way it used to be, there was no fed. every bank would print its own money. the thing is, as you might imagine, if you can print your own money, a lot of people would p
Search Results 0 to 2 of about 3

Terms of Use (10 Mar 2001)